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2018 Human Capital Trends | Oracle HCM cloud differentiators
The rise of the social enterprise
Organizations are no longer judged only for their financial performance, or even the quality of their products or services. Rather, they are being evaluated on the basis of their impact on society at large—transforming them from business enterprises into social enterprises. Deloitte, together with Oracle, address this transformational shift and the accompanying trends, and showcase the potential of a social enterprise enabled by Oracle Cloud.
This edition of the Oracle Perspective Human Capital Trends, represents the culmination of efforts to examine the powerful business forces that are remaking HR. We invite you to explore the report, which details this year’s trends, along with our Oracle perspective. We hope that it helps you develop a more in-depth understanding of the human capital transformation taking place in the market and enable you to begin building a social enterprise of your own.
Explore the trends
SYMPHONIC C-SUITE:
Demands C-level leaders to operate as a cohesive team rather than independent functional experts
Demands C-level leaders to operate as a cohesive team rather than independent functional experts
LONGEVITY DIVIDEND:
Requires innovative practices and policies to support extended careers
Requires innovative practices and policies to support extended careers
AI, ROBOTICS, AND AUTOMATION:
Recognizes that technologies are most effective when they complement humans, not replace them
Recognizes that technologies are most effective when they complement humans, not replace them
WORKFORCE ECOSYSTEM:
Recognizes the need to strategically manage relationships beyond the enterprise
Recognizes the need to strategically manage relationships beyond the enterprise
NEW REWARDS:
Need a more personalized, agile, and holistic approach
Need a more personalized, agile, and holistic approach
CITIZENSHIP AND SOCIAL IMPACT:
Has bearing on an organization's financial performance and brand value
Has bearing on an organization's financial performance and brand value
HYPER-CONNECTED WORKPLACE:
Implements tools that improve performance and promote necessary collaboration
Implements tools that improve performance and promote necessary collaboration
CAREERS TO EXPERIENCES:
Understands, develops, and implements a variety of solutions to support 21st-century careers
Understands, develops, and implements a variety of solutions to support 21st-century careers
WELL-BEING:
Becomes a core responsibility of corporate citizenship and performance strategy
Becomes a core responsibility of corporate citizenship and performance strategy
PEOPLE DATA:
Understands how to mitigate the risks that impact their consumer brand
Understands how to mitigate the risks that impact their consumer brand
SYMPHONIC C-SUITE:
Demands C-level leaders to operate as a cohesive team rather than independent functional experts
HR Imperative
Employ a team-centric, networked, and agile organization structure that leverages data across the organization
to make critical business decisions
Oracle Differentiators
Oracle's integrated cloud-based multi-pillar solution connects all areas of the organization to support
collaborative digital business models
LONGEVITY DIVIDEND:
Requires innovative practices and policies to support extended careers
HR Imperative
• Partner with older workers to develop new career models
• Recognize seasoned employees as a proven competitive advantage
Oracle Differentiators
Succession planning and predictive analytics highlight opportunities to partner workers across generations
to share institutional knowledge and develop an inclusive workforce
AI, ROBOTICS, AND AUTOMATION:
Recognizes that technologies are most effective when they complement humans, not replace them
HR Imperative
• Rethink "work architecture" to benefit organizations, teams, and individuals
• Analyze new combinations of machines and humans working together
Oracle Differentiators
Intelligent bots extend the application through interactions with products like Amazon Echo, Google Home,
and Apple Siri
WORKFORCE ECOSYSTEM:
Recognizes the need to strategically manage relationships beyond the enterprise
HR Imperative
Extend talent management approaches across a varied portfolio of workers, talent networks, and service
providers
Oracle Differentiators
Support for multiple work relationships allow organizations to manage employees and contingent workers
together, extending access to talent management approaches across all work relation types
NEW REWARDS:
Need a more personalized, agile, and holistic approach
HR Imperative
• Create programs that are aligned with individual preferences
• Provide compensation programs that are delivered more continuously
Oracle Differentiators
Compensation empowers managerial use of Stock, Merit, Promotion, Market Adjustments and other components
to best reward and retain individuals across all work relationships
CITIZENSHIP AND SOCIAL IMPACT:
Has bearing on an organization's financial performance and brand value
HR Imperative
• Take an intense look at organizations' impact on society
• Make citizenship a core part of strategy and identity
Oracle Differentiators
"My Volunteering" enables employees to be philanthropic by identifying and participating in
volunteer projects their company supports
HYPER-CONNECTED WORKPLACE:
Implements tools that improve performance and promote necessary collaboration
HR Imperative
Determine which tools are best for the organization and how to use them
Oracle Differentiators
Social Networking promotes employees to collaborate and communicate effectively while sharing documents,
files, and ideas cross-functional within a familiar user experience
CAREERS TO EXPERIENCES:
Understands, develops, and implements a variety of solutions to support 21st-century careers
HR Imperative
Provide tailored solutions that empower individuals to navigate 21st-century careers and access and develop
the skills of the future
Oracle Differentiators
AI helps individuals proactively explore and compare career paths across all disciplines to identify
and develop an individualized plan to achieve future career goals
WELL-BEING:
Becomes a core responsibility of corporate citizenship and performance strategy
HR Imperative
Provide a robust suite of well-being programs focused on physical, mental, financial, and spiritual health
Oracle Differentiators
Work Life Applications help improve productivity by helping employees holistically view their total work
and personal well-being
PEOPLE DATA:
Understands how to mitigate the risks that impact their consumer brand
HR Imperative
Be vigilant about data quality, data security, and the accuracy of machine-driven decisions
Oracle Differentiators
Data entry controlled by business flows to ensure quality. Advanced HCM Controls detect security anomalies
to mitigate risk and strengthen compliance
Explore more
Deloitte's annual Global Human Capital Trends report examines the ever-evolving human capital landscape. The complete 2018 report, along with additional archived editions can be found on Deloitte Insights.
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